Common use of Substitution of Currency Clause in Contracts

Substitution of Currency. If a change in any Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Borrower) to be necessary to reflect the change in currency and to put the Lenders and the Borrower in the same position, so far as possible, that they would have been in if no change in such Foreign Currency had occurred.

Appears in 20 contracts

Samples: Five Year Credit Agreement (United Parcel Service Inc), 364 Day Credit Agreement (United Parcel Service Inc), Five Year Credit Agreement (United Parcel Service Inc)

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Substitution of Currency. If a change in any Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the BorrowerCompany) to be necessary to reflect the change in currency and to put the Lenders and the Borrower Borrowers in the same position, so far as possible, that they would have been in if no change in such Foreign Currency had occurred.

Appears in 19 contracts

Samples: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc), Credit Agreement (Sealed Air Corp/De)

Substitution of Currency. If a change in any Committed Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions definition of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Borrower) to be necessary to reflect the change in currency and to put the Lenders Lender Parties and the Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Foreign Currency had occurred.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Digital Realty Trust, L.P.), Revolving Credit Agreement (Digital Realty Trust, L.P.), Revolving Credit Agreement (Digital Realty Trust, Inc.)

Substitution of Currency. If a change in any Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions definition of Eurocurrency Rate and Adjusted LIBO Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the BorrowerBorrowers) to be necessary to reflect the change in currency and to put the Lenders and the Borrower Borrowers in the same position, so far as possible, that they would have been in if no change in such Foreign Currency had occurred.

Appears in 3 contracts

Samples: Credit Agreement (Dresser-Rand Group Inc.), Credit Agreement (Dresser-Rand Group Inc.), Credit Agreement (Dresser-Rand Group Inc.)

Substitution of Currency. If a change in any Committed Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Borrower) an Issuing Bank to be necessary to reflect the change in currency and to put the Lenders such Issuing Bank and the Borrower in the same position, so far as possible, that they would have been in if no change in such Committed Foreign Currency had occurred.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Kbr, Inc.), Revolving Credit Agreement (Kbr, Inc.)

Substitution of Currency. If a change in any Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions definition of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the BorrowerCompany) to be necessary to reflect the change in currency and to put the Lenders and the Borrower Borrowers in the same position, so far as possible, that they would have been in if no change in such Foreign Currency had occurred.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc)

Substitution of Currency. If a change in any Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the Borrower) to be necessary to reflect the change in currency and to put the Lenders Lender Parties and the Borrower in the same position, so far as possible, that they would have been in if no change in such Foreign Currency had occurred.

Appears in 2 contracts

Samples: Credit Agreement (Manpower Inc /Wi/), Credit Agreement (Manpower Inc /Wi/)

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Substitution of Currency. If a change in any Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Agent (acting reasonably and in consultation with the BorrowerBorrowers) to be necessary to reflect the change in currency and to put the Lenders and the Borrower Borrowers in the same position, so far as possible, that they would have been in if no change in such Foreign Currency had occurred.

Appears in 2 contracts

Samples: Credit Agreement (Rohm & Haas Co), Credit Agreement (Rohm & Haas Co)

Substitution of Currency. If a change in any Available Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO EURIBO Rate) will be amended to the extent determined by the Agent and the Borrowers (each acting reasonably and in consultation with the Borrowerreasonably) to be necessary to reflect the change in currency and to put the Lenders and the Borrower Borrowers in the same position, so far as possible, that they would have been in if no change in such Available Foreign Currency had occurred.

Appears in 2 contracts

Samples: Credit Agreement (Capmark Financial Group Inc.), Credit Agreement (Capmark Finance Inc.)

Substitution of Currency. If a change in any Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Agent (acting reasonably and in good faith consultation with the BorrowerCompany) to be necessary to reflect the change in currency and to put the Lenders and the Borrower Borrowers in the same position, so far as possible, that they would have been in if no change in such Foreign Currency had occurred.

Appears in 2 contracts

Samples: Credit Agreement (Polyone Corp), Credit Agreement (Polyone Corp)

Substitution of Currency. If a change in any Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definitions of Eurocurrency Rate and LIBO Rate) will be amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the BorrowerCompany) to be necessary to reflect the change in currency and to put the Lenders and the Borrower Borrowers in the same position, so far as possible, that they would have been in if no change in such Foreign Currency had occurred.

Appears in 1 contract

Samples: Five Year Credit Agreement (Honeywell International Inc)

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